Answer:
Detailed step-wise solution given in the table attached.
Answer:
A is the correct option.
Explanation:
West Mudville should specialize in and export baseball bats.
Production possibility curve illustrates the amount of two different goods which can be produced when there is fixed availability of a resource which both the items use for manufacture. In PPC it is assumed that the production will be optimally efficient. It is known as transformation curve. In macroeconomics it represent the point where country's economy is most efficiently producing goods and services, hence allocating the resources in the best way.
Answer:
Refer To The attached screen shot. It contains the Income Statement Prepared under Absorption Costing.
Explanation:
Absorption Costing assumes that the Manufacturing Costs include Direct Material, Direct Labor, Variable Overhead, and Fixed Overhead. Whereas, Selling and Administrative Expenses are classified as period Costs. These period costs are recognized in the period in which they are incurred. On the other hand, the manufacturing costs are recognized when the goods on which the costs were incurred are sold. That's why we don't recognize $78,000 as a Fixed Overhead because these overhead costs were incurred to produce 6,000 rackets. We have to calculate the fixed overhead cost per unit and multiply it with the units sold.
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An idea, opportunity, or dream is the foundation of planning that managers begin with to plan.
The planning process begins with setting goals. Goals are the end result that management wants to achieve through its activities. Goals are specific and can be measured in units.
When developing SMART operational goals, it is important to seek employee feedback throughout the process. Once set, it can be difficult for employees to understand and accept goals. Philip is the new manager of a 15-man manufacturing company.
Redesigned workspace to keep tools within reach of an idea, opportunity, or dream.
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